2025年10月份，我国新能源重卡整体销量保持超2万辆高水准，细分市场命运却大不相同。 请看第一商用车网的分析报道。 根据第一商用车网掌握的最新数据，2025年10月份，国内新能源重卡共计销售2.01万辆（注：本文数据来源为交强险实销口径，不含 出口和军车，下同），同比增长144%，其中纯电动、燃料电池和混动动力（包括柴油混合动力、甲醇混合动力和天然气混合动力，下 同）车型分别销售1.97万辆、221辆和152辆，环比分别下降16%、61%和增长95%，同比分别增长191%、-57%和103%，燃料电 池重卡在9月份实现短暂增长后再次遭遇同比下滑，纯电动重卡和混合动力重卡则双双继续实现翻倍增长，但纯电动重卡增速高于新能 源重卡整体增速，混动重卡增速则低于整体增速，跑输新能源重卡市场"大盘"。 氢能重卡再遭下滑同比降57%，混动重卡同比增103% 根据第一商用车网的观察，混合动力重卡和氢燃料电池重卡今年的"存在感"都不强。上图可见，今年1-10月，除了3月份、6月份、7月 份和9月份燃料电池重卡比较容易被看见（3月份、6月份、7月份和9月份燃料电池重卡占比分别4.71%、1.65%、1.42%和 2.34%）， ...

Core Viewpoint - In September 2025, China's new energy heavy truck sales reached a record high of 24,100 units, with significant growth in various segments, including hydrogen fuel cell and hybrid heavy trucks, which have previously had less market presence compared to pure electric heavy trucks [1][4]. Summary by Sections Overall Market Performance - In September 2025, total sales of new energy heavy trucks in China amounted to 24,100 units, representing a year-on-year increase of 206%. The breakdown includes 23,500 pure electric trucks, 565 fuel cell trucks, and 78 hybrid trucks, with respective year-on-year growth rates of 210%, 96%, and 212% [4][6]. Fuel Cell and Hybrid Truck Insights - After five consecutive months of year-on-year decline, fuel cell heavy trucks finally saw growth in September 2025. The hybrid heavy truck segment also demonstrated strong performance, with a year-on-year increase of 212% [4][10]. Market Share Analysis - For the first nine months of 2025, fuel cell and hybrid heavy trucks accounted for only 1.65% and 0.52% of the new energy heavy truck market, respectively, totaling 2.17%. The remaining 97.83% were pure electric models, indicating a higher market share for pure electric trucks compared to the same period in the previous two years [6][12]. Hybrid Truck Sales Breakdown - In September 2025, hybrid heavy truck sales reached 78 units, marking a 212% year-on-year increase. The leading company in this segment was YuanCheng, with 34 units sold, followed by Foton and Changzheng with 24 and 8 units, respectively [10][12]. Cumulative Sales Data - From January to September 2025, hybrid heavy truck sales totaled 719 units, reflecting a year-on-year growth of 174%. The growth rate for cumulative sales increased by 4 percentage points compared to the previous eight months [14][16]. Company Performance - YuanCheng led the hybrid heavy truck market with a market share of 67.18%, significantly up by 21.76 percentage points year-on-year. Foton and Changzheng followed with market shares of 12.10% and 8.76%, respectively, both showing year-on-year increases [16].

Core Insights - In September 2025, China's new energy heavy truck sales reached a record high of 24,100 units, with significant growth across various segments, including hydrogen fuel cell trucks, which had previously seen a decline [1][4]. Sales Performance - The total sales of new energy heavy trucks in September 2025 were 24,100 units, representing a year-on-year increase of 206%. The breakdown includes 23,500 units of pure electric trucks, 565 units of fuel cell trucks, and 78 units of hybrid trucks, with respective year-on-year growth rates of 210%, 96%, and 212% [4][5]. - Fuel cell trucks ended a five-month decline with a 249% month-on-month increase in September, selling 565 units. Dongfeng ranked first in sales for the month, followed by SANY, with significant contributions from other manufacturers [11][18]. Market Share and Trends - For the first nine months of 2025, fuel cell trucks accounted for only 1.65% of the new energy heavy truck market, while hybrid trucks held a mere 0.52%, indicating a strong dominance of pure electric models at 97.83% [7]. - The competitive landscape for fuel cell trucks has intensified, with five different manufacturers achieving monthly sales leadership throughout the year, highlighting a dynamic and competitive market environment [13][19]. Company Performance - In terms of cumulative sales from January to September 2025, China National Heavy Duty Truck Group (重汽) led with 592 units sold, capturing a market share of 26.11%. SANY followed closely with 573 units and a 25.28% market share, both showing significant year-on-year increases [18][19]. - The market for fuel cell trucks has shown a stark contrast in performance among manufacturers, with some experiencing substantial growth while others faced significant declines, illustrating a bifurcated market landscape [18][19].

Core Viewpoint - The domestic new energy heavy truck market in China continues to perform strongly, with total sales reaching approximately 17,800 units in August 2025, marking a year-on-year increase of 182% [1][4]. Summary by Sections New Energy Heavy Truck Market Performance - In August 2025, the new energy heavy truck market sold 17,800 units, with pure electric trucks being the dominant segment, accounting for 97.94% of total sales [4][7]. - Sales figures for different types of new energy trucks include 17,500 pure electric trucks, 162 fuel cell trucks, and 76 hybrid trucks, with year-on-year growth rates of 208%, -72%, and 145% respectively [4][5]. Fuel Cell and Hybrid Truck Insights - Fuel cell trucks have experienced a decline for five consecutive months, with a year-on-year decrease of 72% in August [5][7]. - Hybrid trucks, while showing a significant year-on-year increase of 145%, still lag behind the overall growth rate of the new energy heavy truck market [5][11]. Market Share and Company Performance - From January to August 2025, hybrid truck sales totaled 641 units, reflecting a year-on-year increase of 170%, but the growth rate has slowed compared to previous months [11][15]. - The leading company in hybrid truck sales is "远程" (Yuan Cheng), with a market share of 70.05%, followed by 福田 (Foton) at 9.83% and 河北长征 (Hebei Changzheng) at 8.58% [15][16]. - Notably, "远程" has achieved a remarkable year-on-year growth of 345%, while 福田 and 河北长征 have also shown substantial increases of 473% and 288% respectively [15][16].

Core Insights - The domestic new energy heavy truck market maintained a high level in August 2025, with total sales approaching 17,800 units, representing a year-on-year growth of 182% [1][4]. Group 1: Market Overview - The most significant segment in the new energy heavy truck market is the pure electric heavy truck, which accounted for 97.94% of total sales in August 2025 [6]. - Fuel cell heavy trucks and hybrid heavy trucks have seen a decline in market presence, with fuel cell trucks experiencing a five-month consecutive year-on-year decline [4][6]. Group 2: Sales Performance - In August 2025, pure electric heavy trucks sold 17,500 units, while fuel cell and hybrid trucks sold 162 and 76 units, respectively [4]. - Fuel cell heavy truck sales fell by 31% month-on-month and 72% year-on-year, marking a significant downturn in this segment [7][12]. Group 3: Competitive Landscape - SANY maintained its position as the top seller of fuel cell heavy trucks in August, with 136 units sold, followed by Qingling with 20 units [7][11]. - The fuel cell heavy truck market saw 17 active players by August 2025, with only 11 companies achieving double-digit sales figures [12][14]. Group 4: Market Share Analysis - As of August 2025, the cumulative sales of fuel cell heavy trucks showed that Heavy Truck ranked first with a market share of 34.78%, followed by SANY with 27.73% [14]. - The market dynamics for fuel cell heavy trucks have been volatile, with a pattern of decline and growth observed throughout the year, leading to uncertainty about future trends [14].

Core Insights - The domestic new energy heavy truck market maintained a high level in July 2025, with total sales reaching 16,600 units, representing a year-on-year growth of 152% [1] - Among the sales, pure electric trucks accounted for 16,300 units, fuel cell trucks for 236 units, and hybrid trucks for 86 units, with year-on-year growth rates of 176%, -64%, and 139% respectively [1] - The market share of hybrid trucks remains low at 0.59% for the first seven months of 2025, while pure electric trucks dominate with a share of 97.8% [3] Sales Performance - In July 2025, hybrid truck sales reached 86 units, marking a year-on-year increase of 139%, and the market has seen seven consecutive months of growth [6] - Five companies achieved sales in the hybrid truck market in July, with Yuanliang leading with 54 units sold, followed by Changzheng with 16 units [6][7] - By July 2025, a total of 11 companies had sold hybrid trucks, with Yuanliang holding a market share of 73.45%, a significant increase of 37.53 percentage points from the previous year [9] Market Trends - The cumulative sales of hybrid trucks from January to July 2025 reached 565 units, reflecting a year-on-year growth of 174%, slightly below the overall growth rate of the new energy heavy truck market [10] - Companies such as Yuanliang, Changzheng, and Foton experienced substantial year-on-year growth rates of 461%, 400%, and 236% respectively, while some companies reported declines [10] - The unique advantages of each technology route in the new energy heavy truck sector are highlighted, with hybrid trucks offering a solution for long-distance logistics due to their dual-mode operation [4]

Core Viewpoint - The domestic new energy heavy truck market in China continues to perform strongly, with total sales reaching 16,600 units in July 2025, representing a year-on-year growth of 152% [1][4]. Summary by Sections Overall Market Performance - In July 2025, the new energy heavy truck market sold 16,600 units, with pure electric trucks being the most significant segment, accounting for 1,630 units sold, while fuel cell and hybrid trucks sold 236 and 86 units respectively [4][10]. - The overall market saw a year-on-year increase of 152%, with pure electric trucks growing by 176%, fuel cell trucks declining by 64%, and hybrid trucks increasing by 139% [4][10]. Fuel Cell Trucks - Fuel cell heavy trucks experienced a "four consecutive months" decline in year-on-year sales, with July sales at 236 units, down 21% month-on-month and 64% year-on-year [10][12]. - The market share of fuel cell trucks in the new energy heavy truck segment was only 1.61% from January to July 2025, indicating a lack of presence compared to pure electric trucks, which dominated with 97.80% market share [6][10]. Hybrid Trucks - Hybrid heavy trucks showed a year-on-year growth of 139%, but this growth rate was still lower than the overall new energy heavy truck market growth [4][10]. - The market share of hybrid trucks was only 0.59% from January to July 2025, highlighting their limited impact in the market [6]. Competitive Landscape - The competition among fuel cell truck manufacturers is intense, with SANY leading the monthly sales chart in July, followed by Shaanxi Automobile and Heavy Truck [12][17]. - The cumulative sales of fuel cell trucks from January to July 2025 reached 1,540 units, a year-on-year decline of 22%, with significant disparities among manufacturers [18][17]. - SANY and China National Heavy Duty Truck ranked first and second in cumulative sales, with market shares of 38.44% and 21.82% respectively, both showing substantial increases compared to the previous year [17][18].

Core Viewpoint - Heavy-duty trucks are significant contributors to carbon emissions in the transportation sector, with a need for low-carbon transformation in line with national carbon neutrality goals [1] Group 1: Hybrid Technology - Hybrid technology is seen as an effective solution for energy saving and efficiency improvement in heavy-duty trucks, combining diesel and electric power [2][3] - The total cost of ownership (TCO) for hybrid trucks is lower than that of traditional diesel trucks, with savings of 270,000 yuan over a million kilometers [3] - Different hybrid configurations (series, parallel, and series-parallel) have distinct advantages and disadvantages in terms of efficiency and complexity [3][4] Group 2: Fuel Choices - LNG and methanol trucks have lower TCO compared to diesel and pure electric trucks, with LNG sales increasing significantly due to its economic benefits [6] - The energy consumption of LNG and methanol trucks is approximately 15% higher than that of diesel trucks, while pure electric trucks have the highest efficiency [5][6] - The TCO of hydrogen trucks is currently the highest, and their economic viability depends on the price of hydrogen [6] Group 3: Carbon Emissions - The carbon emissions from the entire energy cycle, including production and transportation, are crucial for evaluating the environmental impact of different fuel types [7][8] - Hybrid technology can reduce carbon emissions during operation by 14%-19%, but the overall emissions depend on the fuel production methods [8][9] - The use of green hydrogen and methanol can significantly reduce carbon emissions, achieving carbon neutrality if produced sustainably [8][9] Group 4: Policy Support - Government policies, such as carbon trading mechanisms, can incentivize the adoption of low-carbon technologies in the trucking industry [10] - Subsidies and cost reductions for hydrogen trucks can enhance their competitiveness, encouraging more companies to adopt this technology [11] - The transition to low-carbon fuels and technologies requires a comprehensive approach involving infrastructure development and policy support [12] Group 5: Conclusion - The transition of heavy-duty trucks towards greener technologies is a complex interplay of technical, economic, and environmental factors [12] - Hybrid technology is positioned as a key solution for energy efficiency and carbon reduction, while the industry must also focus on improving the efficiency of LNG and methanol engines [12] - A multi-faceted approach involving various fuel types and technologies will be essential for achieving carbon neutrality in the heavy-duty truck sector [12]

Core Insights - Heavy-duty trucks are significant contributors to carbon emissions in the transportation sector, with global transport accounting for approximately 22% of CO2 emissions, and China's heavy trucks contributing nearly 40% of the industry's emissions despite only representing 3.1% of total vehicles [2] - The transition to low-carbon solutions for heavy-duty trucks is a key focus for the automotive industry, with diverse pathways including pure electric, hybrid, and low-carbon fuels [2] Hybrid Technology: A Golden Solution for Efficiency - Hybrid systems in heavy-duty trucks combine diesel and electric power, offering advantages over traditional diesel engines in terms of energy efficiency, environmental impact, and total cost of ownership (TCO) [3][4] - In standard conditions, hybrid heavy-duty trucks can reduce fuel consumption by 15% compared to traditional diesel trucks, with potential savings of up to 20% in real-world scenarios [3][4] - The TCO for hybrid trucks is lower over a million-kilometer lifespan, saving approximately 270,000 yuan compared to diesel trucks, while also reducing CO2 emissions by 163 tons [4] Fuel Choices: Balancing Energy Consumption and Costs - LNG and methanol heavy-duty trucks have lower TCO compared to diesel and pure electric trucks, with LNG sales increasing significantly due to its economic advantages [6] - The energy consumption of LNG and methanol trucks is about 15% higher than diesel, while pure electric trucks have the highest efficiency [6][7] - The TCO for LNG trucks is less sensitive to energy price fluctuations, making them a more stable option in the current market [7] Carbon Emissions Overview: From Operation to Energy Cycle - The carbon emissions from heavy-duty trucks must consider both operational emissions and those from the energy production process, with hybrid technology reducing operational CO2 emissions by 14% to 19% [9][10] - The production methods for fuels like methanol and hydrogen significantly impact their overall carbon footprint, with coal-derived fuels resulting in higher emissions compared to diesel [10] - The transition to low-carbon fuels requires advancements in production processes to ensure that the overall carbon emissions are reduced [10][11] Policy Levers: Driving Technology Adoption - Government policies, such as carbon trading mechanisms, can incentivize the adoption of low-carbon technologies in the heavy-duty truck sector [12] - Subsidies for hydrogen trucks and exemptions from toll fees can significantly reduce TCO, encouraging more companies to adopt hydrogen technology [12] - The promotion of hybrid technology and green fuels through policy measures can facilitate a transition towards a more sustainable heavy-duty truck industry [12][13] Conclusion: Collaborative Advancement of Green Transition - A comprehensive evaluation of new powertrains and fuels is essential for the heavy-duty truck sector, with hybrid technology emerging as a leading solution for energy efficiency and carbon reduction [13] - The industry must balance the economic benefits of LNG and methanol with the need for improved engine efficiency and lower emissions [13] - The path to a greener heavy-duty truck industry will involve a combination of hybridization and low-carbon fuel adoption, tailored to specific transportation scenarios [13]